Tuesday Outlook: Commodities and Global

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Unless something spectacular happens this week, expect a lighter week in volume as holiday periods are occurring across the planet. Chinese New Year is a big deal and covers a vast area and markets. Carnivale will end tomorrow, but the hangover will last a few more days. Then there’s the NYC Giants parade today, and that should remind traders to get back to work and buy, buy, buy right???

Monday wasn’t a really big deal as markets that had rallied were short-term overbought and volume was relatively light.

Have a pleasant evening.

Disclaimer: Among other issues the ETF Digest maintains long or short positions in: SH, PSQ, IGN, IEF, GLD, FXF, FXY, DBC, DBA and IEV.

Comments

[GiorgioFerrero]

Thank You David, I appreciate your comments on the graphs, I always look forward to reading your articles.

[David Fry]

You're welcome.